PBF expects partial restart of fire-shuttered Martinez refinery in year’s second quarter
PBF Energy Inc. expects its 157,000 b/d Martinez refinery to partially restart at 85,000-105,000 b/d in this year’s second quarter.
Repairs needed to restart the California refinery, which has been shut down since being damaged by a fire Feb. 1, 2025, are expected to be largely covered by insurance, the company said last week, noting its estimated deductible and retentions totaling $30 million. The company went on to say that it expects its business interruption insurance to “significantly offset the financial loss resulting from the downtime.”
The two-stage restart will first include certain units, including the crude unit, with limited quantities of gasoline, jet fuel, and intermediates.
Restart of the remaining units, which primarily includes the units that were scheduled for turnaround in the first quarter, should occur by fourth-quarter 2025, the company said.
The timing of both stages is dependent on the company’s ability to conduct repairs, including regulatory permitting and approvals and the availability of certain critical equipment and components.
The dual-coking Martinez refinery, on an 860-acre site in the City of Martinez, 30 miles northeast of San Francisco, was acquired by PBF Energy subsidiary PBF Holding Co. LLC from Shell plc subsidiary Equilon Enterprises LLC in 2019 (OGJ Online, June 17, 2019; Feb. 3, 2020).
Mikaila Adams | Managing Editor - News
Mikaila Adams has 20 years of experience as an editor, most of which has been centered on the oil and gas industry. She enjoyed 12 years focused on the business/finance side of the industry as an editor for Oil & Gas Journal's sister publication, Oil & Gas Financial Journal (OGFJ). After OGFJ ceased publication in 2017, she joined Oil & Gas Journal and was named Managing Editor - News in 2019. She holds a degree from Texas Tech University.
